101edu, a NYC-based creator of next-generation active learning platform for STEM disciplines, completed a $4.6m Series A financing round.
The round, which brought total funding to $7.8m, was led by Recurring Capital Partners with participation from new and existing investors Birchmere Ventures, University Ventures, Zanichelli Venture, Matzliach Capital, Board member Dr. James Caras, Mark Miller, Torsten Geers, and Vineet Madan.
The company intends to use the funds to accelerate growth and expand into other STEM disciplines and markets.
Founded in 2016 by Dr. Justin Weinberg and Igor Belyayev, 101edu provides a mobile-first courseware platform that delivers active learning, homework, and assessment tools for students to visualize, experience, and interact with STEM concepts.
Chem101, the company’s first product, has been adopted by over 1,500 chemistry faculty at 400+ colleges and universities across North America such as Florida State University, California State University, and the University of Connecticut. Chem101 offers instructors a comprehensive learning solution — enabling them to engage their students during and after class with real-time digital learning activities, online homework, timed quizzes, and extra practice. It is being utilized alongside publisher textbooks and in many courses is directly integrated with free Open Education Resource (OER) textbooks such as OpenStax Chemistry, which helps to reduce student course materials fees.
FinSMEs
02/03/2021